Court Approves Settlement of Lawsuits Against The Emerging Mexico Fund; Fund Shares to Cease Trading Today.NEW YORK--(BUSINESS WIRE)--April 6, 1999--The Emerging Mexico Fund, Inc. (the "Fund")(NYSE NYSE See: New York Stock Exchange : MEF MEF Marine Expeditionary Force MEF Metro Ethernet Forum MEF Ministerio de EconomÃa y Finanzas (Spanish) MEF Mobile Entertainment Forum MEF Middle East Forum (think tank) ) announced today that at a hearing held today in the United States District Court United States District Court In the U.S., any of the 94 trial courts of general jurisdiction in the federal judicial system. Each state, as well as the District of Columbia and the Commonwealth of Puerto Rico, has at least one federal district court. for the Southern District of New York, a federal judge approved the settlement of two class action lawsuits pending against the Fund and its Board of Directors. The Fund's stockholders previously had approved the proposed liquidation and dissolution of the Fund. The Fund's shares of common stock will cease to trade on the New York Stock Exchange New York Stock Exchange (NYSE) World's largest marketplace for securities. The exchange began as an informal meeting of 24 men in 1792 on what is now Wall Street in New York City. at the close of business today. It is anticipated that a liquidating distribution to stockholders representing substantially all of the assets of the Fund will occur within 30 to 90 days. |
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